Natural Resource Partners Lp - Understand $nrp stock

$NRP Market Cap: $1.422 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$261.7M

TTM

Gross Margin

Net Earnings

$202.4M

TTM

Current Assets

$69.27M

Q3 2024

Current Liabilities

$29.72M

Q3 2024

Current Ratio

233.07%

Q3 2024

Total Assets

$789.9M

Q3 2024

Total Liabilities

$272.7M

Q3 2024

Book Value

$517.2M

Q3 2024

Cash

$30.90M

Q3 2024

P/E

7.025

Nov 29, 2024 EST

Free Cash Flow

$260.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$367.1M	$307.0M	$216.1M	$139.7M	$257.4M	$251.1M	$242.8M	$250.2M	$432.7M	$349.5M	$358.1M	$379.1M	$377.7M	$301.4M	$256.1M	$291.7M	$215.0M	$170.7M	$159.1M	$121.4M	$85.50M	$13.90M
YoY Change	19.56%	42.06%	54.66%	-45.72%	2.54%	3.42%	-2.96%	-42.19%	23.81%	-2.4%	-5.55%	0.39%	25.31%	17.69%	-12.2%	35.67%	25.95%	7.29%	31.05%	41.99%	515.11%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$367.1M	$307.0M	$216.1M	$139.7M	$257.4M	$251.1M	$242.8M	$250.2M	$432.7M	$349.5M	$358.1M	$379.1M	$377.7M	$301.4M	$256.1M	$291.7M	$215.0M	$170.7M	$159.1M	$121.4M	$85.50M	$13.90M
Cost Of Revenue											$2.700M	$3.800M	$3.100M	$3.400M	$4.000M	$2.900M	$1.600M	$1.600M	$3.400M	$2.000M	$1.300M	$200.0K
Gross Profit											$355.4M	$375.3M	$374.6M	$298.0M	$252.1M	$288.7M	$213.4M	$169.1M	$155.7M	$119.4M	$84.20M	$13.70M
Gross Profit Margin											99.24%	98.99%	99.18%	98.87%	98.44%	98.97%	99.26%	99.06%	97.86%	98.35%	98.48%	98.56%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Selling, General & Admin	$58.43M	$56.76M	$44.41M	$39.10M	$49.50M	$46.00M	$43.40M	$50.50M	$164.6M	$86.70M	$54.00M	$47.40M	$44.00M	$45.00M	$38.10M	$27.50M	$33.70M	$23.60M	$20.50M	$18.30M	$14.70M	$2.600M
YoY Change	2.94%	27.8%	13.58%	-21.01%	7.61%	5.99%	-14.06%	-69.32%	89.85%	60.56%	13.92%	7.73%	-2.22%	18.11%	38.55%	-18.4%	42.8%	15.12%	12.02%	24.49%	465.38%
% of Gross Profit											15.19%	12.63%	11.75%	15.1%	15.11%	9.53%	15.79%	13.96%	13.17%	15.33%	17.46%	18.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$18.49M	$22.52M	$19.08M	$9.198M	$14.93M	$21.69M	$23.41M	$28.58M	$57.30M	$58.59M	$64.38M	$58.22M	$65.12M	$56.98M	$60.00M	$64.30M	$51.40M	$29.70M	$33.70M	$30.10M	$24.50M	$4.500M
YoY Change	-17.9%	18.06%	107.38%	-38.4%	-31.15%	-7.37%	-18.08%	-50.12%	-2.2%	-9.0%	10.57%	-10.59%	14.29%	-5.04%	-6.69%	25.1%	73.06%	-11.87%	11.96%	22.86%	444.44%
% of Gross Profit											18.11%	15.51%	17.38%	19.12%	23.8%	22.27%	24.09%	17.56%	21.64%	25.21%	29.1%	32.85%
Operating Expenses	$76.92M	$79.27M	$68.59M	$184.2M	$212.6M	$85.97M	$69.77M	$98.09M	$610.1M	$174.8M	$121.9M	$112.0M	$273.5M	$105.3M	$98.10M	$91.80M	$85.10M	$53.30M	$54.20M	$48.50M	$39.20M	$7.100M
YoY Change	-2.98%	15.58%	-62.76%	-13.38%	147.3%	23.23%	-28.87%	-83.92%	249.06%	43.4%	8.84%	-59.06%	159.68%	7.38%	6.86%	7.87%	59.66%	-1.66%	11.75%	23.72%	452.11%
Operating Profit	$292.5M	$305.2M	$147.8M	-$43.85M	$51.32M	$192.5M	$176.6M	$181.2M	-$170.4M	$176.1M	$236.2M	$267.2M	$104.1M	$196.1M	$154.0M	$196.9M	$128.3M	$115.8M	$101.5M	$70.90M	$45.00M	$6.600M
YoY Change	-4.16%	106.55%	-437.0%	-185.44%	-73.35%	9.05%	-2.54%	-206.3%	-196.76%	-25.44%	-11.58%	156.56%	-46.89%	27.31%	-21.79%	53.47%	10.79%	14.09%	43.16%	57.56%	581.82%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Interest Expense	-$14.10M	$26.27M	$38.88M	$40.97M	$47.45M	$70.18M	$82.03M	$90.01M	$87.91M	$79.14M	$64.40M	$53.97M	$49.18M	$41.64M	-$39.90M	-$27.00M	-$25.80M	-$13.70M	-$9.600M	-$10.80M	-$8.000M	-$200.0K
YoY Change	-153.68%	-32.42%	-5.11%	-13.67%	-32.38%	-14.45%	-8.87%	2.39%	11.08%	22.9%	19.31%	9.74%	18.12%	-204.35%	47.78%	4.65%	88.32%	42.71%	-11.11%	35.0%	3900.0%
% of Operating Profit	-4.82%	8.61%	26.31%		92.46%	36.45%	46.46%	49.69%		44.93%	27.26%	20.2%	47.23%	21.24%	-25.91%	-13.71%	-20.11%	-11.83%	-9.46%	-15.23%	-17.78%	-3.03%
Other Income/Expense, Net	$14.10M	$36.74M	$38.88M	$40.97M	$76.74M	$70.18M	$94.07M
YoY Change	-61.61%	-5.5%	-5.11%	-46.61%	9.34%	-25.4%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Pretax Income	$278.4M	$268.5M	$108.9M	-$84.80M	-$25.40M	$122.4M	$82.50M	$90.60M	-$260.2M	$96.70M	$172.1M	$213.4M	$55.00M	$154.5M	$114.1M	$170.0M	$102.5M	$102.1M	$91.80M	$59.00M	$36.90M	$6.400M
YoY Change	3.7%	146.54%	-228.42%	233.86%	-120.75%	48.36%	-8.94%	-134.82%	-369.08%	-43.81%	-19.35%	288.0%	-64.4%	35.41%	-32.88%	65.85%	0.39%	11.22%	55.59%	59.89%	476.56%
Income Tax													$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income													0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net Earnings	$196.8M	$268.5M	$108.9M	-$84.82M	-$24.46M	$139.5M	$88.67M	$96.89M	-$571.7M	$108.8M	$172.1M	$213.4M	$54.03M	$154.5M	$114.1M	$170.0M	$102.5M	$102.1M	$91.80M	$59.00M	$36.90M	$6.400M
YoY Change	-26.71%	146.54%	-228.39%	246.79%	-117.53%	57.37%	-8.49%	-116.95%	-625.33%	-36.76%	-19.35%	294.91%	-65.02%	35.37%	-32.88%	65.85%	0.39%	11.22%	55.59%	59.89%	476.56%
Net Earnings / Revenue	53.61%	87.45%	50.39%	-60.7%	-9.5%	55.58%	36.52%	38.73%	-132.11%	31.14%	48.05%	56.27%	14.3%	51.25%	44.55%	58.28%	47.67%	59.81%	57.7%	48.6%	43.16%	46.04%
Basic Earnings Per Share
Diluted Earnings Per Share	$12.22	$11.89	$4.907M	-$6.894M	-$1.992M	$6.906M	$4.032M	$7.943M	-$46.86M	$9.628M	$15.65M	$20.13M	$5.094M	$18.84M	$16.78M	$26.15M	$15.77M	$20.02M	$18.00M	$11.80M	$8.200M	$1.422M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Cash & Short-Term Investments	$11.99M	$39.09M	$135.5M	$99.80M	$98.30M	$101.8M	$29.80M	$40.40M	$41.20M	$50.10M	$92.50M	$149.4M	$214.9M	$95.50M	$82.60M	$89.90M	$58.30M	$66.00M	$47.70M	$42.10M	$24.30M	$7.800M
YoY Change	-69.33%	-71.15%	35.79%	1.53%	-3.44%	241.61%	-26.24%	-1.94%	-17.76%	-45.84%	-38.09%	-30.48%	125.03%	15.62%	-8.12%	54.2%	-11.67%	38.36%	13.3%	73.25%	211.54%
Cash & Equivalents	$11.99M	$39.09M	$135.5M	$99.80M	$98.30M	$101.8M	$29.80M	$40.40M	$41.20M	$50.10M	$92.50M	$149.4M	$214.9M	$95.50M	$82.60M	$89.90M	$58.30M	$66.00M	$47.70M	$42.10M	$24.30M	$7.800M
Short-Term Investments
Other Short-Term Assets	$2.218M	$1.822M	$2.723M	$5.100M	$2.900M	$108.7M	$6.800M	$8.300M	$22.10M	$4.300M	$1.700M	$1.000M	$800.0K	$900.0K	$900.0K	$900.0K	$7.200M	$1.400M	$800.0K	$800.0K	$1.200M	$500.0K
YoY Change	21.73%	-33.09%	-46.61%	75.86%	-97.33%	1498.53%	-18.07%	-62.44%	413.95%	152.94%	70.0%	25.0%	-11.11%	0.0%	0.0%	-87.5%	414.29%	75.0%	0.0%	-33.33%	140.0%
Inventory							$7.600M	$6.900M	$7.800M	$5.800M
Prepaid Expenses
Receivables	$41.09M	$42.70M	$24.54M	$12.30M	$30.90M	$32.10M	$47.20M	$49.90M	$50.00M	$75.90M	$41.40M	$45.70M	$41.10M	$34.10M	$31.50M	$33.20M	$28.60M	$23.40M	$22.00M	$15.10M	$11.00M	$9.000M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$55.29M	$83.61M	$162.8M	$117.2M	$132.1M	$242.5M	$91.40M	$105.4M	$121.1M	$136.1M	$135.6M	$196.2M	$256.8M	$130.5M	$115.0M	$124.1M	$94.20M	$90.80M	$70.50M	$58.00M	$36.50M	$17.30M
YoY Change	-33.87%	-48.63%	38.89%	-11.28%	-45.53%	165.32%	-13.28%	-12.96%	-11.02%	0.37%	-30.89%	-23.6%	96.78%	13.48%	-7.33%	31.74%	3.74%	28.79%	21.55%	58.9%	110.98%
Property, Plant & Equipment	$422.8M	$439.8M	$461.7M	$484.4M	$629.1M	$768.1M	$955.3M	$982.9M	$1.070B	$1.867B	$1.456B	$1.437B	$1.328B	$1.369B	$1.241B	$1.071B	$1.116B	$845.5M	$610.5M	$537.6M	$492.2M	$374.2M
YoY Change	-3.87%	-4.74%	-4.69%	-23.0%	-18.1%	-19.6%	-2.81%	-8.16%	-42.68%	28.22%	1.32%	8.21%	-2.94%	10.32%	15.8%	-4.01%	31.98%	38.49%	13.56%	9.22%	31.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$276.5M	$306.5M	$276.0M	$262.5M	$263.1M	$247.1M	$245.6M	$256.9M	$263.1M	$264.0M	$269.3M
YoY Change	-9.76%	11.04%	5.14%	-0.23%	6.48%	0.61%	-4.4%	-2.36%	-0.34%	-1.97%
Other Assets	$3.240M	$3.568M	$5.832M	$7.100M	$7.000M	$2.500M	$6.500M	$6.600M	$111.3M	$14.60M	$12.00M	$4.900M	$5.500M	$3.100M	$3.500M	$3.200M	$3.700M	$3.100M	$4.000M	$4.400M	$3.000M	$1.200M
YoY Change	-9.19%	-38.82%	-17.86%	1.43%	180.0%	-61.54%	-1.52%	-94.07%	662.33%	21.67%	144.9%	-10.91%	77.42%	-11.43%	9.38%	-13.51%	19.35%	-22.5%	-9.09%	46.67%	150.0%
Total Long-Term Assets	$742.6M	$793.5M	$791.0M	$804.7M	$953.8M	$1.099B	$1.298B	$1.343B	$1.549B	$2.309B	$1.856B	$1.569B	$1.409B	$1.534B	$1.409B	$1.177B	$1.226B	$848.7M	$614.5M	$541.9M	$495.2M	$375.4M
YoY Change	-6.42%	0.31%	-1.7%	-15.63%	-13.22%	-15.31%	-3.38%	-13.28%	-32.91%	24.37%	18.35%	11.34%	-8.13%	8.87%	19.66%	-3.96%	44.43%	38.11%	13.4%	9.43%	31.91%
Total Assets	$797.9M	$877.1M	$953.8M	$921.9M	$1.086B	$1.342B	$1.389B	$1.449B	$1.670B	$2.445B	$1.992B	$1.765B	$1.666B	$1.664B	$1.524B	$1.301B	$1.320B	$939.5M	$685.0M	$599.9M	$531.7M	$392.7M
YoY Change
Accounts Payable	$885.0K	$1.992M	$1.956M	$1.400M	$1.200M	$2.400M	$7.500M	$7.200M	$5.800M	$23.40M	$400.0K	$1.000M	$400.0K	$500.0K	$200.0K	$400.0K	$100.0K	$100.0K	$100.0K	$100.0K	$300.0K	$700.0K
YoY Change	-55.57%	1.84%	39.71%	16.67%	-50.0%	-68.0%	4.17%	24.14%	-75.21%	5750.0%	-60.0%	150.0%	-20.0%	150.0%	-50.0%	300.0%	0.0%	0.0%	0.0%	-66.67%	-57.14%
Accrued Expenses	$13.57M	$12.91M	$11.51M	$9.400M	$11.10M	$26.70M	$32.90M	$41.60M	$45.50M	$43.50M	$25.50M	$18.00M	$19.10M	$16.60M	$14.90M	$9.600M	$10.30M	$9.300M	$2.600M	$1.800M	$1.900M	$200.0K
YoY Change	5.16%	12.12%	22.45%	-15.32%	-58.43%	-18.84%	-20.91%	-8.57%	4.6%	70.59%	41.67%	-5.76%	15.06%	11.41%	55.21%	-6.8%	10.75%	257.69%	44.44%	-5.26%	850.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$30.79M	$39.08M	$39.10M	$39.10M	$45.80M	$115.2M	$79.70M	$140.0M	$80.70M	$81.00M	$81.00M	$87.20M	$30.80M	$31.50M	$32.20M	$17.20M	$17.20M	$9.500M	$9.400M	$9.400M	$9.400M	$0.00
YoY Change	-21.22%	-0.07%	0.01%	-14.63%	-60.24%	44.54%	-43.07%	73.48%	-0.37%	0.0%	-7.11%	183.12%	-2.22%	-2.17%	87.21%	0.0%	81.05%	1.06%	0.0%	0.0%
Total Short-Term Liabilities	$49.84M	$60.23M	$64.39M	$61.40M	$62.70M	$148.7M	$120.5M	$189.2M	$136.4M	$147.9M	$123.4M	$117.8M	$59.50M	$56.90M	$57.40M	$34.20M	$36.60M	$24.30M	$16.90M	$15.30M	$14.70M	$3.300M
YoY Change	-17.25%	-6.45%	4.86%	-2.07%	-57.83%	23.4%	-36.31%	38.71%	-7.78%	19.85%	4.75%	97.98%	4.57%	-0.87%	67.84%	-6.56%	50.62%	43.79%	10.46%	4.08%	345.45%
Long-Term Debt	$124.3M	$129.2M	$394.4M	$432.4M	$470.4M	$557.6M	$729.6M	$990.2M	$1.187B	$1.374B	$1.084B	$897.0M	$836.3M	$661.1M	$626.6M	$478.8M	$496.1M	$454.3M	$222.0M	$156.3M	$192.7M	$57.50M
YoY Change	-3.82%	-67.24%	-8.78%	-8.08%	-15.64%	-23.57%	-26.32%	-16.56%	-13.65%	26.76%	20.87%	7.26%	26.5%	5.51%	30.87%	-3.49%	9.2%	104.64%	42.03%	-18.89%	235.13%
Other Long-Term Liabilities	$45.53M	$45.65M	$55.06M	$55.20M	$52.20M	$50.20M	$103.8M	$121.1M	$274.0M	$202.3M	$167.5M	$132.4M	$125.0M	$120.9M	$74.40M	$45.00M	$42.80M	$25.20M	$20.20M	$19.10M	$16.10M	$13.30M
YoY Change	-0.27%	-17.09%	-0.25%	5.75%	3.98%	-51.64%	-14.29%	-55.8%	35.44%	20.78%	26.51%	5.92%	3.39%	62.5%	65.33%	5.14%	69.84%	24.75%	5.76%	18.63%	21.05%
Total Long-Term Liabilities	$169.8M	$174.9M	$449.5M	$487.6M	$522.6M	$607.8M	$833.4M	$1.111B	$1.461B	$1.577B	$1.252B	$1.029B	$961.3M	$782.0M	$701.0M	$523.8M	$538.9M	$479.5M	$242.2M	$175.4M	$208.8M	$70.80M
YoY Change	-2.89%	-61.1%	-7.81%	-6.7%	-14.02%	-27.07%	-25.01%	-23.92%	-7.35%	25.96%	21.6%	7.08%	22.93%	11.55%	33.83%	-2.8%	12.39%	97.98%	38.08%	-16.0%	194.92%
Total Liabilities	$219.6M	$235.1M	$513.9M	$549.0M	$582.4M	$753.6M	$950.5M	$1.297B	$1.594B	$1.724B	$1.375B	$1.150B	$1.026B	$843.9M	$758.4M	$558.0M	$575.4M	$503.8M	$259.1M	$190.7M	$223.5M	$74.10M
YoY Change	-6.57%	-54.25%	-6.4%	-5.73%	-22.72%	-20.72%	-26.72%	-18.61%	-7.55%	25.34%	19.59%	12.05%	21.63%	11.27%	35.91%	-3.02%	14.21%	94.44%	35.87%	-14.68%	201.62%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.4222 Billion

About NATURAL RESOURCE PARTNERS LP

Natural Resource Partners LP engages in the business of owning, managing, and leasing a diversified portfolio of mineral properties. The company is headquartered in Houston, Texas and currently employs 55 full-time employees. The company went IPO on 2002-10-11. The company owns, manages, and leases a diversified portfolio of properties in the United States including coal, industrial minerals and other natural resources, as well as rights to conduct carbon sequestration and renewable energy activities. Its Mineral Rights segment consists of about 13 million acres of mineral interests and other subsurface rights across the United States. Its ownership provides critical inputs for the manufacturing of steel, electricity, and basic building materials, as well as opportunities for carbon sequestration and renewable energy. Its Soda Ash segment consists of its 49% non-controlling equity interest in Sisecam Wyoming LLC (Sisecam Wyoming), a trona ore mining and soda ash production business located in the Green River Basin of Wyoming. Sisecam Wyoming mines trona and processes it into soda ash that is sold both domestically and internationally into the glass and chemicals industries.

Industry: Bituminous Coal & Lignite Surface Mining Peers: ARCH RESOURCES, INC. CENTRUS ENERGY CORP CONSOL Energy Inc. ENERGY FUELS INC Enviva, LLC HALLADOR ENERGY CO NACCO INDUSTRIES INC URANIUM ENERGY CORP